HomeMy WebLinkAbout12-14-1994 ECONOMIC DEVELOPMENT COMMISSION AGENDA
• DECEMBER 14, 1994
6:00 P.M.
MOUNDS VIEW CITY HALL
COUNCIL CHAMBERS
1. CALL TO ORDER (J . P M. ; 30
2. ROLL CALL (Present = P, Absent = A)
Goff Schmidt
Malone if Seipp
f Mountin iMMA elsch
Nelson 9uick (EDA Liaison)
,/Bennett (Staff)
3. APPROVE EDC MINUTES
• November 17, 1994
Action: Motion ("
Second "� A
Vote !�
4. SPECIAL BUSINESS
A. Presentation Regarding Preliminary Expansion of Dynex Industries
Brian Sjoberg, Secretary/Treasurer
5. EDEB-USINESS
A. Consider of Draft Business Assistance Program for Existing Businesses
in the City of Mounds View. n /
Action: Motion (w
Second
Vote
Comments:
•
B. Consideration of Resolution No. 94-EDC3 , Supporting the Mounds View
Business Association.
Action: Motion 0/11/ .J
Second
Vote
Comments:
C. Consideration of the Economic Opportunity of Purchasing Blighted
or Non-Conforming Parcels of Property in the City of Mounds View.
Action: Motion
Second
Vote
Comments:
D. Consideration of Draft Hotel Development Survey
Action: Motion
Second
Vote
Comments:
Lp6. ADJOURN P.M.
r/Olt'tj3i'us"3 C6')
Next Meeting January 26, 1994
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ECONOMIC DEVELOPMENT COMMISSION AGENDA
DECEMBER 14, 1994
6:00 P.M.
MOUNDS VIEW CITY HALL
COUNCIL CHAMBERS
1. CALL TO ORDER P.M.
2. ROLL CALL (Present = P, Absent = A)
Goff Schmidt
Malone Seipp
Mountin Welsch
Nelson Quick (EDA Liaison)
Bennett (Staff)
3. APPROVE EDC MINUTES
November 17, 1994
Action: Motion
Second
Vote
4. SPECIAL BUSINESS
A. Presentation Regarding Preliminary Expansion of Dynex Industries
Brian Sjoberg, Secretary/Treasurer
5. EDC BUSINESS
A. Consider of Draft Business Assistance Program for Existing Businesses
in the City of Mounds View.
Action: Motion
Second
Vote
Comments:
1111
B. Consideration of Resolution No. 94-EDC3 , Supporting the Mounds View
Business Association.
Action: Motion
•
Second
Vote
Comments:
C. Consideration of the Economic Opportunity of Purchasing Blighted
or Non-Conforming Parcels of Property in the City of Mounds View.
Action: Motion
Second
Vote
Comments:
D. Consideration of Draft Hotel Development Survey
Action: Motion
Second
Vote
Comments: •
6. ADJOURN P.M.
Next Meeting January 26, 1994
•
111
v • - I
Minutes of the Economic Development Commission
City of Mounds View
• Ramsey County, Minnesota
Regular Meeting
November 17, 1994
City Hall
\1/40\\::)V. °‘**11\1-
2401 Highway 10, Mounds View, MN 55112
1. Call to Order:
The meeting was called to order at 6:02 p.m. by Chairperson, Delane Welsch. Commissioner Nelson
volunteered to take the minutes for the meeting.
2. Roll Call:
Members present were as follows: Rosemary Goff, Dan Nelson, Delane Welsch, Mark Malone, Ron
Schmidt and Phil Seipp. In addition, Economic Development Coordinator Cathy Bennett was present.
Member Peg Mountin and EDA Liaison Gary Quick were not present.
3. Approval Of Minutes:
The following amendments were made to the October 27, 1994 minutes:
4. Special Business: Change motion from Pegg to Mountin.
5.C. EDC Business: line 3, "signage as a development issue should addressed"
Motion/Second: Goff/Nelson moved approval of Minutes of EDC Meeting, October 27, 1994 as
amended.
6 ayes 0 nays
Motion Carried
4. Special Business
A. Presentation Regarding Process for Hotel Development in Vadnais Heights
Gerry Urban, City Administrator of Vadnais Heights, gave an overview on the 5 year process
the City of Vadnais Heights and the Economic Development Corporation have been through
to attract a hotel project. Mr. Urban stressed community and business involvement in the
process and suggested evaluating the need for a hotel by surveying the surrounding area
businesses. A two phase feasibility study was done for the project at a cost of
approximately $5,000 per phase. The City's EDA has committed TIF for the project and has
purchased the property.
Motion/Second: Seipp/Nelson moved to direct staff to draft questions and research the cost to
survey area businesses on the need for a hotel/conference center in Mounds View.
6 ayes 0 nays
Motion Carried.
1
R
5. EDC Business: uNAppRovcD
A. Remove Highway 10 Redevelopment Plan Vision and Action Steps from the Table.
4110
Motion/Second:
Schmidt/Malone to remove agenda item 5.a. from the table.
6 ayes 0 nays
Motion Carried
B. Consideration of Highway 10 Redevelopment Plan Vision and Action Steps.
Motion/Second: Goff/Schmidt move to establish a subcommittee to review Highway 10
Redevelopment Plan Vision and Action Steps and appoint Mountin, Welsch and Schmidt to the
subcommittee.
6 ayes 0 nays
Motion Carried
C. Discussion Regarding Financial Need of Mounds View Businesses and Structure of a
Business Assistance Program.
Coordinator Bennett gave a brief overview of the results of 69 surveys from the North
Metro Business Retention Program with regards to need for financing. It was reported that
41% of the 69 businesses placed a high to medium priority on additional capital to assist
their business.
Commissioner Malone mentioned that initially the program should be structured to assist
those businesses who are already in Mounds View. It was also suggested to provide a
program where the dollars invested are distributed among several businesses for a better
return both financially and from a public relations standpoint. Commission members
discussed several other guidelines taking into consideration the area business needs.
Motion/Second: Nelson/Welsch move staff to draft a business assistance plan for review at the
next meeting.
6 ayes 0 nays
Motion Carried
D. Discussion of Relationship with Business Association
The commission directed staff to draft a resolution for review at the next meeting in
support of the Businesses Association.
E. Discussion of Tax Increment Financing Funds for Capital Projects.
Coordinator Bennett explained that the attached information was the estimated and
budgeted tax increment funds for 94 and 95. In addition, Bennett mentioned the most
recent developments which were funded through the use of tax increment financing.
There was no action on this item.
6. Reports From Chair and Commissioners:
Commissioner Schmidt brought forward the potential need for a secretary from City staff to
take the minutes of the meeting because the designated secretary is unable to participate in
the discussion of the items before the commission.
Coordinator Bennett mentioned that the designated secretary from the Commission was mostly
needed to record the motions and that notes regarding the discussions of the meetings and the
actual preparation of the minutes were currently being done by City staff.
2
,, j
Motion/Second: Schmidt/Malone to request a recording secretary for the EDC.
110 1 ayes 5 nays
Motion Denied
7. Adjournment
There being no further business before the Commission, this meeting of the Economic Development
Commission adjourned at 8:24 p.m.
Respectfully Submitted,
Economic Development Coordinator
ioTxc3\
3
iStaff Memo
To: Economic Development Commission Members
From: Cathy Bennett, Economic Development Coordinator
Date: November 10, 1994
Agenda Item: Special Business - Dynex Industries.
Dynex Industries is located on 4751 Mustang Drive in the City of Mounds View
bordering New Brighton. Dynex is an environmental and electrical contacting service
company. The company has been very supportive in the community and Mr. Sjoberg
served on the Focus 2000, Growth, Development & Business Issue Project Team.
Currently, Dynex has approximately 60 employees and would consolidate their Arden
0 Hills office in Mounds View as part of the expansion. Dynex has approached the City
with regards to their plans for expansion and will give an overview of the plans and
may request City assistance.
III
0 Staff Memo
To: Economic Development Commission Members
From: Cathy Bennett, Economic Development Coordinator
Date: December 9, 1994
Agenda Item: Consideration of Draft Business Assistance Program
(5.A.)
Taking into consideration the direction provided at the November 17, 1994 meeting,
attached is a draft overview of the structure of a business loan program for existing
Mounds View Businesses provided by the City of Mounds View.
Once approved by the EDC, the information would be presented to the EDA for
consideration. As discussed at the-last meeting presenting options to the EDA for
consideration with regards to loan amounts, interest rate and original investment is
• recommended. I have included ranges for consideration and the EDC
representative(s) can explain the rational and implications of the different ranges to
the program when the item is presented.
The work session for January has been canceled due to the holiday season. The next
Council/EDA work session would be February 6, 1995 at which time the business loan
program could be presented.
For your review, I have included an article that was in the Star Tribune regarding
MCDA's business loan program.
IIII
1
Siffit r: b Lit,it-Q., I a -9 _�
1:
Todays business briefin
116. 1
Regional news .
•
;
MCDA puts owm money I
1
into loan p ro ram
i
Popular program for small businesses i
becomes self-supporting for the first time •
By Dee DePass loans will be distributed to local
• 1 Staff Writer businesses. That compares with the
$1.3 million appropriated in 1994,
The Minneapolis Community De- $640,000 of which came from the
1 velopment Agency will add Minneapolis City Council.
•
$300.000 to its 2 Percent Loan Pro-
• gram without hitting up the City Thirty-two loans were issued this
Council for the extra money, year and 12 more are expected to •
•
MCDA officials said. close in the next three weeks.
The popular program, targeted at MCDA's program leverages money
' small businesses needing equip- from a host of participating private
ment or building repairs, is getting lenders. The MCDA provides half
the funding increase because of a of a business' total loan request —
rash of recent loan repayments that up to $30,000 — at the 2 percent
are being recycled. interest rate. Remaining funds are
provided by local banks at the
"The program has become very prime rate.
self-supporting," said Dawn Ha-
gen, MCDA spokeswoman. "Typi- In the last four weeks more than
cally the City Council has given us four Minneapolis companies were
money for loan purposes. And the awarded 2 percent loans. Video
• administration expenses come production firm Blue Moon Pro-
from the fees generated from bond ductions received $42,900 to buy
• issuances." video equipment. Riverside Bank
participated on the loan with the
But because of"big dollars" being MCDA. The pair also lent
repaid, the December cash injec- $157,000 in relocation expenses to
tion and all of 1995's funding Nazareth Delicatessen. Camden
marks the first time the MCDA Auto Service received $60,000
program will be completely self- from Northeast State Bank and the
sufficient since the program's in- MCDA.
ception in 1988, Hagen said.
MCDA's program participants also •
, But with self-sufficiency comes a include Norwest Corp., First Bank
dramatic drop in total funds System, Firstar, First National
available. Bank of the Lakes, Franklin Nation-
al Bank and Marquette Capital
In 1995, $750,000 in 2 percent Bank.
• City of Mounds View Business Loan Program
Draft 12- 10-94
Goals of Program:
El To provide a matching business loan with a participating bank for exterior and interior
improvements.
El To provide a loan program that is more attractive and marketable than a conventional
bank loan.
Q To provide a program geared to assist existing businesses thrive and prosper in the City
of Mounds View.
0 To provide a program to improve the aesthetics of the commercial, industrial and retail
sectors of the community.
Eligibility Requirements:
2 Exiting Mounds View Business
II/ El Qualified small business - $2 - $5 million in sales or less
El Qualified Credit History
Regular full loan package required and will need to meet participating underwriting
guidelines.
El Loan must be used to improve the interior or exterior of existing facility.
Q Interior and exterior improvements must conform to current zoning and City building
codes and ordinances.
El Owner or officer of business must be the loan applicant.
Qualified Improvements:
El Repair storefront entrances, windows, doors, decorative applications, etc.
Q Upgrade interior design and configuration to enhance business.
Q Paint, clean or stain interior and exterior of building.
El Upgrade or replace existing business sign.
El New or upgraded landscaping to improve aesthetics of facility.
�2 Parking lot reconfiguration or repair.
LJ Required Jitor mwater discharge improvements.
Q Upgrade facility to comply with American with Disabilities Act.
Note: The improvements themselves may or may not qualify as collateral for the
loan.
Term of Loans:
Q Flexible terms dependent upon use of loan funds. Term not to exceed 10 years.
Q Loan is non-assumable
Q Maximum loan $25,000 - $50,000 (lower amount of loan adds diversity to the
program - can issue more loans therefore spreading out credit risk.)
Q Minimum loan $10,000 (need to have a loan enough to make worthwhile to cover
administrative costs)
Interest Rate:
El City to buy down the interest rate on a conventional bank loan.
Note: Consider the goal of the program when setting the interest rate. A rate of interest
which would be a community service with minimal return (2%) or a rate which would
generate additional revenue for the City (6%). A higher interest rate may not be as
attractive for a local business to participate in the program.
How to Apply:
Q Call the City of Mounds View, Economic Development Coordinator for application at
784-3055. •
All applications must be approved by participating bank and City of Mounds View's
Economic Development Authority and will require review of financial statements.
•
0
Staff Memo
To: Economic Development Commission Members
From: Cathy Bennett, Economic Development Coordinator
Date: December 9, 1994
Agenda Item: Consideration of Resolution No. 94-EDC3 in Support of
(5.B.) the Mounds View Business Association
The attached draft resolution denotes the EDC's support of the Mounds View Business
Association as discussed at the November 17, 1994 meeting.
There are a variety of ways that a collaboration of businesses can be of benefit to a
411 community. The resolution is an indication to the Business Association of the
Communities support and willingness to assist in their efforts.
Please review for discussion and/or adoption at the December 14, 1994 EDC meeting.
III
MOUNDS VIEW ECONOMIC DEVELOPMENT COMMISSIONill
RESOLUTION NO. EDC94-3
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION IN SUPPORT OF THE MOUNDS VIEW BUSINESS ASSOCIATION
WHEREAS, The Mounds View Business Association is made up of approximately
40 Mounds View businesses; and
WHEREAS, The Mounds View Business Association's primary goal is to enhance
an atmosphere for community growth and development for all professions while fostering a
high level of citizenship, and
WHEREAS, the Economic Development Commission of the City of Mounds View
understands the value of a local business association to promote a healthy business climate in
Mounds View, and
WHEREAS, the Economic Development Commission's mission includes the
promotion of a positive economic climate which retains and expands existing businesses. 1111
NOW THEREFORE, BE IT RESOLVED that the Economic Development Commission
of the City of Mounds View supports the activities of the Mounds View Business Association.
BE IT FURTHER RESOLVED that the Economic Development Commission makes a
commitment to provide the Mounds View Business Association with necessary assistance in
matters concerning the economic prosperity of the business climate in Mounds View.
Adopted this 14th day of December, 1994.
ATTEST:
Chair ,
(SEAL)
Economic Development Coordinator
4110
. Staff Memo
To: Economic Development Commission Members
From: Cathy Bennett, Economic Development Coordinator
Date: December 9, 1994
Agenda Item: Consideration of the Economic Opportunities of
(5.C.) Property for Sale in Mounds View
The item was put on the agenda at the suggestion of Commissioner Mountin to
discuss the pros and cons of purchasing property now when it is reasonably priced
rather than waiting until it is in a redevelopment plan and the owners are not as
willing to sell or have made substantial improvements.
• There are several properties for sale in Mounds View that are in potential
redevelopment areas of the City. One in particular is a house located on old Highway
8 next to the Towns Edge Manufactured Home Park. This property is zoned B-3 and
could be used for a variety of purposes. It would be beneficial for the discussion to
drive by the property. Otherwise, I will bring a large map to the meeting.
0 Staff Memo
To: Economic Development Commission Members
From: Cathy Bennett, Economic Development Coordinator
Date: December 9, 1994
Agenda Item: Consideration of Draft Hotel Development Survey
(5.D.)
I have included a copy of the City of Vadnais Heights survey that was sent to several
businesses in an attempt to evaluate the need for a full service hotel in the area. I
think this is a good start and have starred those question which should be included in
our survey. Please review and consider other questions which may be useful in
evaluating the type of hotel center needed for the area.
I have contacted several sources to receive mailing labels for New Brighton, Blaine and
• Arden Hills companies. I have estimated that we could send the survey to
approximately 400 area companies at a cost between $250-$350. I should have a
more accurate number of companies by the meeting on the 14th.
For you review, I have included a copy of the article regarding procedures in
attracting a hotel which was given to me by Gerry Urban of Vadnais Heights.
1III 1
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Bret
ALL SUITES, INC. kWCC 1 ., l \Con�L✓L G
7260 University Avenue NE - Suite 130 I
111/1
Minneapolis, MN 55432 Ce-Xliedv ,y tl.t_sa �}`- :
(612) 574-1492
Date:
Public
'NAME OF COMPANY: Private
I ADDRESS:
e
'PERSON INTERVIEWED: -*JOB TITLE: .
BUSINESS OF THE COMPANY:
i
SPECIFIC WORK DONE IN PLANT OR OFFICE:
YEAR: YEAR: YEAR: YEAR:
NUMBER OF EMPLOYEES:
SALES/SHIPMENTS OR OTHER ,
MEASURE OF PRODUCTIVITY:
DESCRIPTION OF PROJECT: �
COn�;�eietc..e ✓
0AT DO YOU THINK OF THE NEED FOR A NEW HOTE1t
Cb o LT v. tN/4. tJck1"" C Y O Q. t Or\ w Q.P e GL S
h /s ere c :
4(WOULD YOU USE THE NEW HOTEL FOR ROOMS?
`HOW MANY OUT-OF-TOWN VISITORS DO YOU HAVE ON AVERAGE? WEEKLY:
ANNUALLY: THEIR LENGTH OF STAY (NIGHTS)
WHERE DO THEY STAY NOW? 1) Rate: 2) Rate:
jt-WHAT CITIES DO THEY COME FROM? 1) 2) 3)
4) 5) 6)
DO YOU HAVE SALES MEETINGS, SEMINARS , TRAINING SESSIONS, ETC.? Yes No
*HOW MANY PER MONTH? HOW MANY FROM OUT OF TOWN? SINGLE OCCUPANCY
„. DO4UBLE OCCUPANCY HOW LONG DO THEY LAST (NIGHTS)? SIZE OF GROUPS
AT HOTELS ARE YOU NOW USING? 1) 2) 3)
*WHERE DO YOU USUALLY LUNCH?
QUESTIONNAIRE , 111/1
Page 2 ILj
`WHERE IS BUSINESS ENTERTAINING DONE?
cost Cek-r--- 1vr buo 1r- wry .s e%,
-WOULD YOU USE THE NEW HAT-EL?
OTHER COMMENTS OR SUGGESTIONS FOR NEW HOTEL!: C G e Geyt lw
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AH&MAs New Guide to Hotel Development
A STEP BY STEP APPROACH TO HOTEL DEVELOPMENT
PART I11
How To ASSESS
THE MARKET FOR A HorEL
By Kirby Payne
ow do you assess these market area mand for hotel rooms in an area and on introduction, there is no reason why
characteristics in terms of how they a specific site. Further, the article tells these guidelines cannot be applied to a
affect the demand — present and future you how to get information on these sub- market demand study for an existing
-- for hotel rooms: jects so that you can have a more in- hotel. What better way to lay the ground-
population? formed relationship with your consultant. work for re-structuring your entire mar-
Income? Note the sample list of consulting firms keting strategy?
Employment? in the box.
Retail sales? Remember, however, that what is dis-
Commercial and industrial activity? cussed here is The Preliminary Market Market Area Evaluation
Tourism? Review. The third article in the series will
Transportation? discuss The Full Market Demand Study. POPULATION
Diversification of the economy? The term "feasibility report,'' as used •
How do you evaluate these site charac- here, refers to a market demand analysis Area population trends relating to age,
teristics in terms of how they affect the to determine whether there is, in a Inca- profession and income are indicative of
demand for hotel rooms: tion, a sufficient demand for hotel facili- potential business — or the lack of it —
Location in relation to demand genera- ties to warrant a proposed project. for a proposed hotel's restaurant,bar and
tors? This entire series of articles is ad- banquet facilities.
Character of the immediate, surround- dressed to the developer of a proposed Growth trends and population shifts
ing area? hotel construction. The intention is to vary in their importance to a lodging op-
Extent of the competition? help the developer of the project (new eration. Future data projections are often
Accessibility and visibility? hotel) cut his risk to an absolute mini- more significant than historic trends.
This article provides an overview on mum. If the market for a hotel project is ex-
how the above factors influence the de- But as a LODGING editor suggests in his pected to consist of individuals or groups
1Wcome to a - Major_ Publishing Event By Jim Pearson
r7-this is the first of 14 articles spbti= What information they need, at every market study findings—might decide to
1 sored by the Construction and step,before proceeding tb the next step. get rid of the hotel.Such cases would be
Development CoMmitte'e of the Amen- A broader use of these articles,and the rare, but the reader has a right to laugh
can Hotel&Motel Association on these book,will be to show the operator of an in my face unless I mention the possibil-
subjects: .. ' existing hotel how to develop sweeping ity.
• Analyzing the rtiarltet fer a hotel I marketing information about his location. The series goes far beyond market
a given area on a specific site.. I have long contended that nobody needs demand studies.Articles in the series and
• Budgethhig and financing hotel con- a•feasibril ty study more than the operator chapters in the book provide top-level
struction. - of an existing hotel, 1t'would help him: professional counsel on budgeting
• Designing'a property to conform to 1. Understand the market available to projects, securing financing, designing
market demands: hint as-of today. facilities for today's market,and adminis-
• Selecting an affiliation if one is 2. Re-position his hotel in the market, tering construction projects.
desired. if indicated. Never before in my experience have so
III
The articles are adapted from chapters 3. Conform service changes to meet many professionals(accounting,arrhitec-
of a monumental book now in preparation. market demand. tire,marketing, design,finance)pooled
on 'A tip-bq Step Approach to Hotel- 4. Conform physical changes to meet their resources to help you reduce risk,
Development:The Owner s Glide fa Market demand:.. in hotel investment, to a near vanishing
Minirnazitig Risk." : •- - 5. In summary, build a foundation for point. This is a major publishing event.
The articles'ue a' 'e` ed 16 dev�t1op ' . 'an tip-to-date thaiketing strategy. (More information on the book:Jim
ers of new hotels Purpose is to tell them Of course, the operator—faced with, Groame, (212) 265-4506)
"Understanding FeasibilityConsulting Firms Experienced in Making
iiitudies" Available from El
Much of the material presented in this
chapter was adapted from"Understand
Market Demand Studies for Hotels*
Pannell Kerr Forster,420 Lexington Avenue, New York, NY 10170 —(212)867-8000
Stephen W. Brener Associates, Inc., 420 Lexington Avenue, New York, NY 10170
ing Feasibility Studies;'published by the — (212) 689-6800
AH&MA Educational Institute in 1985 Laventhol & Horwath, 919 Third Avenue, New York, NY 10022 — (212) 980-3100
and authored by Rocco Angelo. The Peat. Marwick, Mitchell& Co.,345 Park Avenue, New York, NY 10022—(212) 758-
book is available from the Institute at 9700
East Lansing, Mich. (517-353-5500) for
Real Estate Research Corporation, 72 Wesi Adams Street, Chicago. IL 60603 —
$12 95. _ _ (312) 346-5885
i - Hospitality Valuation Services, 373 Willis Avenue. Mineola. NY 11501 —(516) 248-
unrelated to the area's population, then 8828
j population trends are not particularly Sig- 'Due to space limitations, this list is incomplete •
nifieant. if. on the other hand, area polity. -- .- - .. -.. _ ----___-___
lotion trends are crucial to the success ---------- ------ — —
of food, beverage and other facilities in —1
the proposed hotel, then population sta_ Where to Get Information on
tkiirs can he of prime importance. Population and Demographics
Assume that you are making a market
Marty for a hotel project. You should Sales and Marketing Management
,•perk to see that your consultant New York, NY
presents you with the most current in- 212/986-4800 ,
formation available at the time of the Ask for SURVEY OF BUYING POWER ($65)
sturdy. Good population projections can be American Demographics Institute
Gond in such magazines as .Sales and Ithaca, New York
.11,n•heling ,Management and American 800/828-1133
lir/7/r�rrahhiec Members ($285/year dues) are allowed access to the Institute's vast statistical
collection. Contact Donna Wenner.
(Note box insert listing courses of in- Statistical highlights are published in AMERICAN DEMOGRAPHICS ($48/year).
formation on population trends affecting Contact Michael Edmondson.
0 your market.) Donnelley Marketing Information Services
~icor consultant should present you Stamford, CT
with an analysis of population trends 800/527-3647
bothpositive and negative indicators -
g� Current year estimates with five-year projections for population, income and
that would affect the demand for the pro- employment available by zip-code and geographic areas. Report fees begin at$50.
posed hotel. Population Research Service
Austin, TX
INCOME 512/837-0135
1987 ANNUAL U.S. SUMMARY REPORT ($36) cites April 1987 population and
income can he viewed as personal, lis- growth estimates for 332 metropolitan areas as well as cities over 100,000 popula-
posahle income (income after taxes), or tion.
'f'scretionary income (income after taxes Woods & Poole Economics inc.
and necessities). You should find out what Washington, D.C.
kind of income the consultant used in a
202/332-7111
feasibility report. Population statistics for 1970 to 2010 by age, race and sex; income and employment
if you plan moderately priced food ser- by county, state and metropolitan areas. Contact Sallie Poole.
ir•e, then disposable income would indi U.S. Bureau of Census
ate the potential for that service. if you Population Information Division
plan high-check-average operations, dis-
301/763-5002
rr tionary income would provide a more State Office of Demographics and Economic Analysis(sometimes called the Divi-
sion of Research and Statistics)
accurate barometer. Found in the governmental pages under the state name
income paired with population gives a - - -- — — — -- — — — —...
more precise market potential base for
a hotel's facilities and services than does influence the use of facilities and ment for the site and area, the hotel
population Youshould expect your services of the hotel. might have to compete for staff with coni-
c ( iian.iu'm alone. ,.,u ,..,p^{' .,..,
nnnitant to analyze and interpret these Miley may indicate conditions affect- merc•ial or industrial employers that have
relationships. ing the availability of employees. relatively high wage scales.
(See "Source's of information on Your CI)An ex;iininatio(1 of employment by If the market sturdy finds strong union
Area and i,rrcal Market'' for reference sector (service. nranufacttiring, agreements. the consultant should aria-
materials on income).40
etc.) can help define lyze their effects on labor costs (see
the overall economic environment ''Sources of information'').
EMPLOYMENT the hotel can operate in. additional
ly, examination of historical trends RETAIL SALES
Employment statistics are valuable indi- in total employment may help deter-
, •rtors of economic strength or weakness mine the stability of the market the Retail sales statistics perform 1w,
in three ways: hotel may operate in. major functions in revealing the market:
ill They may reveal factors that would if the study shows near full employ- Continuo' on nr.rl rage
T ,:arty,-'\Tnt•rtrnco IOQ'' ')'1
i HOTEL DEVELOPMENT: ASSESSING THE MARKET _ _
r1)The statistics describe consumer visitation to the area. Examples that may
spending patterns: they also reveal be analyzed in a report are: •
whether the area is a viable retail • Fairs
renter for a defined trading area. Theme Parks
('2)The statistics are shown by types Sports events
of spending patterns. Usually, this `� Historical sites
includes eating and drinking sales. • Military installation
•
When reviewing this information you In each instance, the consultant should
,h, tdd consider: indicate the effect of the attraction on the
• How a decline in retail sales may ; proposed hotel. (See "Sources of Infor-
suggest other economic problems. 14116'''4k: mation.")
• How a shift in area retail sales sug-
gests that traffic patterns may be • '1 Site and Area Evaluation
moving towards or away from the Kirby Payne,this article's author,
site of the proposed hotel. is manager of Management Ad- When E.M. Statler, founder of the
• I low a specific growth trend in retail visor), Services at Pannell Kerr modern, first-class hotel, was asked to
,ales directly relates to the well-he- Forster's Minneapolis office. lie has name the three most important factors for
inv. of the proposed hotel. more than 20 years of experience in a hotel's success, he responded:location.
• i low the trend in eating and drink- the hotel industry, including location and location. Statler was not im-
ing sales may influence your plan- domestic and overseas projects. plying that there is one ideal location for
nine of facilities and services. (See Among R vne's clients: Hilton all lodging facilities, but that each hotel
••c,,urres of information.") Inns, Southern Host Hotels. and
must he located to attract the type of
i tea Hotels of Mexico. guest for which the hotel was designed.
COMMERCIAL AND INDUSTRIAL -- - You will probably tell the consultant the
ACTIVITY type, size and on-site facilities you con-
To summarize: ensure that the stat is- template. For example:
(-,,mn>ercial and industrial enterprises tics for visitors to the project site area • Typical types include: budget hotels
venerate lodging and food service busi- are neither overstated nor understated. or motels, motor hotels. suburban
ness: therefore, trends in the type. num- Further, expect the consultant to indi- standard motels, luxury properties.
her and volume of area companies have rate tourism trends in terms of places of resorts, all-suite properties, con 410
:r direct influence on your potential mar- origin, spending patterns, met hod of vention hotels and conference c'en-
get. in evaluating an area's economy, re- transportation, and other categories such ters.
rent changes are often noire important as age, sex and income. (See "Sources • Familiar sizes:small, less than 150
than trends that extend over the years. of information.") rooms: medium, 151 to 500 rooms:
The data your consultant compiles for large. over 500 rooms.
...,,ii should include information about the TRANSPORTATION • On-site facilities: either both food
l absorption of office and industrial space and beverage facilities, or food hut
in situations pertinent to the market base. in the section of a Preliminary Market no beverage facilities, or neither
Ifere are sonic pertinent questions: Overview on. Market Area Characteris- food nor beverage facilities.
• is the commercial and industrial tics, the discussion of transportation is A market demand study for a particular
base diversified? sometimes limited to its role as a part of concept tailored to a particular market
• is it concentrated in a single indus- the area's economic base. in such a con- segment should nonetheless include an
try or a limited number of related text, you should check to see that the fol- investigation of total demand and then be
enterprises? lowing have been considered: analyzed by individual market segment.
• Does the consultant's report tell • The relationship of any transports- This permits flexibility about concept.
you whether the area's major husi- tion trends, such as the number of Choosing an area and site is the first
nesses are equally sensitive to the airline passengers or highway in a series of critical decisions that affect
ups and downs in the economy? motorists, to the proposed hotel. the eventual success of a hotel. Usually.
• How does all this information relate • How any current or planned this choice has been made when a consul-
to the proposed hotel's possible oc- changes in airports, freeways, toll tant is asked to give an opinion on
enpancy cycle and volume potential? roads, or local access roads will af- whether the site is suitable for the type
(Secy "Sources of information.") feet the proposed hotel. and class of property contemplated and
Transportation is also discussed in sec- designed to serve one or several market
TOURISM tions in this article on Project Site and segments.
Area Evaluation and in a future article Consequently, you — the user of a re-
Not all definitions of tourism are prac- (iii)under Demand Analysis and Recon- port— should expect to find in the "Pmj-
tical in the context of the hospitality in- mended Facilities and Services. (See ect Site and Area Evaluation" section a
dnstrv. Most people define a tourist as "Sources of information.") detailed analysis of factors affecting the
a vacationer. Re sure that your consul- desirability and convenience of the prop-
rant, in a market overview, uses sources AREA ATTRACTIONS erty for the expected demand.
that define a tourist as a visitor to the
area for business as well as personal rea- Attractions may he included in a Prelim- ACCESSIBILITY
,:ons. The consultant should also know nary Market Overview report if they
h,iw length of stay relates to the definition serve as a major economic base of the The report should show the location of
of a tourist. community and are a primary reason for the site on a map, describe the site's
2 I 1.f l)GiNG/NOVEMBER 1987
HOTEL DEVELOPMENT ASSESSING THE MARKET
illSources of Information on Your Area
and Local Market
INCOME: TOURISM:
For telephone numbers and other details pertaining to first State Highway Department
four listings below, see insert titled: "Where to Get Information State Department of Transportation; Traffic and Safety Divi-
on Population and Demographics.' sion; found in government pages under state name
Sales and Marketing Management Local Airport Authorities
American Demographics Institute State Department of Transportation; Public Transportation
Donnelly Marketing Information Services Division; found in governmental pages under state name
State Office of Demographics and Economic Analysis Area Attractions
U.S. Bureau of Census Area Hotels
Ed Welniak
301/763-5060 TRANSPORTATION:
State Commerce and Economic Development Department 1
Division of Economic Development found (in telephone State Highway Dept. (above)
directory) in governmental pages under state name. Local Airport Authority (above)
Community Planning Agencies
Regional Office of Housing and Urban Development; Com-
' EMPLOYMENT: I munity Planning and Development Division; found in gov-
ernmental pages under United States
For telephone numbers and other details about first three
listings below,see insert titled: "Where to get Information on
Population and Demographics" AREA ATTRACTIONS:
Donnelly Marketing Information Services Chamber of Commerce (local)
Woods & Poole Economics Inc. (Sally Poole) Convention and Visitors Bureau
40 State Office of Demographics and Economic Analysis
U.S. Bureau of Census
Thomas Polumbo SITE ADAPTABILITY:
301/763-2825 Community Planning Agencies
State Commerce Department See above.
Division of Economic Development
U.S. Bureau of Labor Statistics MARKET SUPPLY/DEMAND:
Labor Force Statistics Division
202/523-1944 Local Hotel and Motel Association
Convention and Visitors Bureau
Interviewing Hotels
RETAIL STATISTICS: i
For telephone numbers and other details about first four DIRECT COMPETITION:
listings below, see "Where to Get Information on Population On-site inspections
and Demographics.' Directories (chain, AAA, Mobil)
Sales & Marketing Management Interviews with hotel managers
State Office of Demographics and Economic Analysis
State Commerce Department
Division of Economic Development POTENTIAL COMPETITION:
Donnelly Marketing Information Services
' U.S. Bureau of Census Building Permits
Ronald Piencykoski Local Department of Buildings found in governmental pages
301/763-5294 under County or State.
Project Status
Local Department of Buildings in conjunction with local
COMMERCIAL & INDUSTRIAL ACTIVITY: banks.
State Banking Department DEMAND
See governmental pages of telephone directory under state
name. U.S. Department of Commerce directories
U.S. Treasury Local Chamber of Commerce statistics
•
Controller of the Currency, listed in governmental pages I Hotel sales tax figures (if available)
under "United States" i Monthly and yearly lodging reports
Chamber of Commerce (Local) Visitor and Convention Bureaus
State Department of Commerce Local hotel managers
(References to this chart are made throughout the article on "How To Assess the Market for a Hotel,"
which is continued from page 24 and picks up again on page 28.)
•
r _ HGTEL DEVELOPMENT: ASSESSING THE MARKET
i:by_i,al hotindaries and topographical fen- lodging facilities in the market area. This ; ing concentration aind development in or1110
-
tures. and review surrounding land use. list of competitive properties is valuable der to put the subject (proposed hotel)
it •:h((nid analyze the site's relation to I not only for determining market feasibility into context.
market generators (attractions, major hut also for establishing marketing strafe- 1i ur direct competition --- that is. prop-
' modes of transportation). gies. A feasibility report can help you de- ernes that will he competing with you for
' 1%tn need to know how market genera- I )ermine: the s:ime markets ---is defined by c•onsid-
t,,rs and modes of transportation relate • The type and volume of demand for ering these factors:
to the site's accecsihility. Part of the ap- both lodging and food service faciii_ -- Date opened
1, :,l' 1 a '-elf contained resort. convention Iles. I Percentage` of occupancy I
hotel or conference renter may he (lis- • The adequacy with which the cool- 1 - l.ra';Ition
t:mre from main traffic arteries. The op- petition satisfies the demand. -- Room rates
p'usite may be true of hotels dependent • The strengths and limitations of the -- Market mix
. on antornohile travelers who are sensitive competition. -- Facilities and services
to a hotel's accessibility. • The paints of difference that must i'h}•siral condition of facilities
, in the latter case, a market study he established between your hotel • Chain or referral affiliation
=herald detail planned changes to road- and the competition. -- Perception among guests
u.at•s and streets that provide access to The last item can form the foundation The precise natter of the hotel you
the project site: to bypasses being (lis- for your marketing strategy development. propose to create u•will determine the
,;s..ed and their potential impact. ....._ _ - _ I emphasis you place on each of these
. The report should analyze ease of site factors.
ingress and egress. Turning against nn- Vour consultant should analyze the ef-
(ocning traffic or having to cope with one- feet that your new property.• will have on
'.a greets may he bothersome but not ‘Cnalyzing differences I existing competition. For example. a hotel
n''r•ssarily damaging to business. in alocated next door may be v aluatel as
between you and your
highly competitive market, however, re- non-competitive because of ,art-dated
<Irarttons on turns into or out of the site competition can help form I furnishings or a reputation for poor ser-
a.- 'yell as other inconveniences in accessvice. Rut what if competition fr:•rn you
?nay affect the level of business. your marketing strategy s I prompts the competitor to refurhi- 1 and
foundation. ,..1 update his services and marketing st:-lte-
VISIBILITY gies? •
Even though most travel today is with
---- - — - - POTENTIAL COMPETITION
a'hanre reservation, site visibility may he
an important factor for a roadside opera- The report can help you in such areas as A further consideration in the Supply
lion. particularly if there is no other way facility concept and design, pricing, ad- and Demand Analysis in a market study
to provide motorists sufficient warning to i vertising and promotion strategies. and is a report on future accommodations in
exit on the proper access route. This operating policies. (See "Sources of in- various stages of development: (I)under
could affect reservations and walk-in husi- fornntion" under "Market Supply and discussion: (2) announced: and ( 3) al-
nes, Demand...) ready tinder construction.
Not all lodging projects that are pro-
ADANIABILITY PRESENT COMPETITION posed (or even ill actually
be built. Projectsrthat already nounced) "have build-
\ market study to determine whether You should assist your consultant (con- ing permits and financing are likely cont-
'h' re i-z a strong enough customer base suiting firm)as much as possible in evalu- petition. Projects merely "under discus- ,
!o. <nt,port a hotel may also contain ating existing lodging properties and in sign" should he analyzed by your consul-
'tmnlendations on the adaptability of identifying potential competitors. tint in terms of probable completion.
the ,ate for the proposed hotel. The consultant, on the other hand. Factors are (1) principals involved: (2)
The '(msultant should review the int- should research other types of conlpeti- management affiliation, and(3)economic
i'a'-t of environmental items on the site. live enterprise (e.g., condominium ren- j climate. (See "Sources of information.")
i•-,r example, what are the potential (lis- tals in a resort area) that you Wright have
turhanres caused by,the traffic noises? overlooked as possibly competitive.
Whether the Consultant or your own Your report should analyze lodging de- T et us review briefly what has been dis-
' an hiterts and attorneys examine building velopment in the competitive area in rela- Lcussed about the requirements of a
(ides aril zone restrictions is up to you, lion to t ype, size, location and class. I market report and what is necessary to
if you are commissioning the market Since in America—by contrast to Europe consider further.
,.ttl'iy. The purpose of such an exanrina- -- there is no government or industry The Market Area Characteristics
tion 'AI nld he to determine if the size and classification of hotels. "class" is often ' portion of a report defines the market
shape of the land are suitable for the par- defined in terms of the level of room areas within which the proposed hotel will
titular fcility. rates. function. it also indicates the economic
ID
The consultant usually evaluates exist- base which, in most cases.affects transi-
ing lodging facilities by such means as on- eat business and food and beverage
Supply and Demand site inspections. reviews of directories I patronage. (See above: population, in-
(chain, Mobil, AAA)and interviews with come. employment. retail sales.comnter-
A Supply and Demand Analysis in a property managers.Then coniesI
a group- cial and industrial activity, tourism and
1 market report inventories competitive ing of the total supply into centers of lodg- I transportation.) Contour,/
')R i Oncit\m./NTf1VFmnFR 1c)R7
An Approach to Market Segmentation h
III Transient
Guest --_`
•
Independent
Traveler Group j
•I
Pleasure i •
i / \
Status-
I Prestige Educational-
Medical- Cultural Recreational-
• Therapeutic Break in Routine Business •
j Interpersonal •
-
j Visit Friends & Relatives Pleasure Meetings Sales ••
• Educational-
\ Technical
Business Status- \
Prestige Educational-
Medical- Cultural
Meetings Sales Recreational-
; Therapeutic ••
Educational- Break in Routine
Technical Interpersonal-
Visit Friends & Relatives •
The Site and Evaluation portion of and accurate. information sources must SEGMENTATION •
I he report is concerned with the relation- he clearly identified so that statistics can •
iiheship of the site to the area's business gen-
verified. The Demand Analysis, how- The Market Overview must examine
r rators and the transportation network. ever, must provide you with more than
data and information sources: it segments as well as the aggregate mar
(See above: site and area evaluation, ac- mustket. Otherwise. the aggregate could he
eSsibility. visibility and adaptability.) draw conclusions. grossly overestimated. Different seg-
The Supply and Demand Analysis Conclusions never spring wholly and merits may have very dissimilar needs
encompasses the competitive situation directly out of data. Between the data and for hotel facilities and services.
(above), both direct and potential, and the report's conclusions lies a set of as- One approach to market segmentation
existing and future demands. The De- sumptions. These assumptions permit is diagrammed in the exhibit shown here.
mand Analysis is the pivotal section of the the consultant to move from demand sta- it suggests that the transient guest can
report. Summary discussions below tistics to room rates and occupancy levels he divided first into segments made up
rover: and ultimately to estimates of operating of independent travelers or organized
1. Conclusions presented in the de- expenses. groups of individuals. Those segments
mand analysis section. The Demand Analysis Section should can then he divided into subsegments
2. Sources of information in establish- allow the reader to move step by step based on the primary purpose of travel:
ing demand. from the data through the consultant's as- pleasure or business. These subset:;-
3. Market Segmentation. sumptions to the conclusions presented ments could further be divided into spe-
4. Room night demand, and in the report. cific types of activities and motivations for '
5. Demand for facilities and services travel.
other than rooms. INFORMATION SOURCES A similar model may ),pride the consul- '
rant and help you understand, more inti
CONCLUSIONSCommon sources of information used mately, the market study area. An analy-
hv consultants to establish demand are sis as detailed as this model suggests re-
Conclusions presented in the demand lister) in an accompanying box insert on quires much time and is expensive. Such :
analysis have two purposes, to: (1)guide sources of information. an approach, however. may give you a
the consultant in making recommenda- The availability of demand information thorough understanding of relevant mar-
•
tions on facilities and services• and (2) varies by location. Cities and centers of kets and provide a more solid base (or I
form the basis for the report's estimates government, trade or tourist activity pro- marketing and financial decisions.
of operating results. vide the most comprehensive sources.
The ability to borrow both equity and Smaller communities, however-, may ROOM NIGHT DEMAND
borrowed capital depends on the hotel's0
represent a small and well-defined market
profit potential, which requires a minimal that facilitates primary research.
h.
Methods aren't complicated for rcri
level of demonstrated demand. in either case, a feasibility report mating room night demand. Considerable
The two aspects of the Demand Analy- should consolidate information sources research is required. in a small market
•
• <ic that you. as user of a feasibility report, and organize the consultant's own re- area, the estimate can he made 1w inter- -
n>>rst carefully evaluate are: the data.and search in such a way as to present a co- viewing persons at demand generator,
• the consultant's assumptions. hermit picture of existing and future de- (primarily commercial and indncrrwl
j •
Data must ho timely. comprehensive mand. firms) with the greatest knowledge of-G•
1 rlrx:r\r:.'�Vrrlv\r tnFR 1e)gr7 til
1 mand generated by their establishments.
We Manage To They are asked -
The need for overnight accornmo-
Increase Your Profits. (lotions--
— The number of moms needed
Managing a resort,hotel or restaurant demands the expertise of -- The need for double occupancy
professionals in the hospitality field.Our company of experts offers - i.ength of stays
you a full spectrum of services,from one-time troubleshooting
— Price sensitivity
assignments to full-time management responsibilities. — Location and type of property pre-
ferred
I Motels /. I Hotels Seasonality of needs
■ Lounges y� ■ Resorts -- l,ikes and dislikes about current ac-
■ Restaurants ■ Condominiums commodations
RESORT MANAGEMENT AND MARKETING,INC. - Special requirements such as health
clubs, type of guest rooms
Contact Pedro Mandoki,904 785-0339.P 0.Box 9486.Panama City,FL 32407 -- Future needs
Circle 17 on Reader Service Card in a more complex site area, the con-
sultant will study patterns of growth of
r. r supply (the competition) and demand
.a ,,., e rl i..;.' (hotel occupancy). overall market trends.
t `' • and a sample of the organizations that
.1..".r,-;;.../4
.?
Minutes of the Economic Development Commission
City of Mounds View
• Ramsey County, Minnesota
Regular Meeting
December 17, 1994 APPROVED
City Hall
2401 Highway 10, Mounds View, MN 55112
1. Call to Order:
The meeting was called to order at 6:30 p.m. by Vice-Chairperson, Ron Schmidt.
2. Roll Call:
Members present were as follows: Mark Malone, Peg Mountin, Dan Nelson, Ron Schmidt and Phil
Seipp. In addition, EDA Liaison Gary Quick and Economic Development Coordinator Cathy Bennett
were present. Members Rosemary Goff and Delane Welsch were not present.
3. Approval Of Minutes:
Motion/Second: Nelson/Malone moved approval of Minutes of EDC Meeting, November 17,
1994.
•
4 ayes 0 nays
Motion Carried
4. Special Business
A. Presentation Regarding Proposed Expansion of Dynex Industries
Brian Sjoberg, Secretary/Treasurer of Dynex Industries located on Mustang Drive in Mounds
View gave an overview of their proposed expansion. Dynex is fully developed at 25,000
sq.ft currently and would like to expand by 50,000 sq.ft. Dynex would initially occupy
15,000 sq.ft. of their expanded space and lease the remaining with plans to expand into
those areas in the future. The expansion would consolidate their other Twin Cities locations
into one corporate headquarters facility in Mounds View with a total of 70 employees
initially. Dynex has approached the City for financial assistance. Since Dynex is not located
in a current TIF district, a typical development agreement would not be feasible. It was
recommended by staff that the City apply for an Economic Recovery Grant to provide Dynex
with a low interest loan. The grant amount would be for the maximum $500,000.
Coordinator Bennett mentioned that the City applied for the same grant for Wolf&
Associates. At that time there were no State funds available. Commissioner Malone
suggested that staff contact Wolf&Associates to see if they were still interested in
applying for the grant as well. Coordinator Bennett said that the City is not restricted to
applying for only one company but that only one grant per fiscal year is eligible to be
awarded to a City. Vice Chair Schmidt noted that Dynex has been an excellent corporate
citizen and taking measures to support their expansion is very valuable to the community.
Motion/Second: Nelson/Malone moved to direct staff to pursue and facilitate applications for
• Economic Recovery Grant for Dynex Industries and Wolf&Associates.
4 ayes 0 nays
Motion Carried.
1
\i
A phi) : to
5. EDC Business:
A. Consider Draft Business Assistance Program for Existing Businesses in the
• City of Mounds View.
Coordinator Bennett presented an outline of the Business Loan Program discussed at
the November meeting. The outline presents goals, eligibility requirements, qualified
improvements, terms of the loan interest rate and how to apply. The key element of the
program are for exterior and interior improvements geared toward existing businesses in
Mounds View. Commissioner Malone noted that the EDA should consider a program that is
community oriented with a break-even philosophy. This would be a business friendly program
that encourages improvement to property for the betterment of the entire community.
Motion/Second: Malone/Mountin to approve the draft Business Loan Program with the
following amendments.
Eligibility Requirements - Existing MV business - at least two years
Delete sales amount under small business
Qualified Credit History- Loan "request" package required
Interest Rate: Change to "City Participate at 50% of the total loan request
at a below market interest rate."
5 ayes 0 nays
Motion Carried
B. Consideration of Resolution No. 94-EDC3 in Support of the Mounds View Business
Association.
Motion/Second: Nelson/Mountin move to table resolution No. 94-EDC3.
• 5 ayes 0 nays
Motion Carried
C. Consideration of the Economic Opportunities of Purchasing Blighted or Non-Conforming
Parcels of Property in the City of Mounds View.
Coordinator Bennett noted that there were several vacant properties in Mounds View that
have the potential for redevelopment. Commissioner Mountin feels it is important to
discuss the pros and cons for the City of proactively purchasing property that may be in a
potential redevelopment area. The basic premise is to purchase the property when it is for
sale rather than wait until the property is occupied. Once property is occupied, relocation
costs would need to be incurred and it can become very expensive. There was discussion
regarding property along Old Highway 8 and the development opportunity in this area.
The commission directed staff to gather research with regards to redevelopment in the area
and contact other Cities who may have implemented a similar strategy.
Motion/Second: Nelson/Seipp move staff to research the redevelopment opportunity for
property along Highway 8.
5 ayes 0 nays
Motion Carried
i
2
0
A . n , „1 f 5-- ri
D. Discussion of Draft Hotel Development Survey
Coordinator Bennett presented a survey which Vadnais Heights send to business leaders
• when evaluating the options for a hotel development. Coordinator Bennett discussed
minor changes to the survey and said Mounds View's survey would be mailed to a total of
500-600 companies in the Cities of Blaine, New Brighton, Arden Hills and Mounds View.
This will be approximately 500-600 companies. Commissioner Seipp noted that a cover
letter should accompany the survey explaining the purpose of the information.
Commissioner Mountin suggested to add a question with regards to amenities at the
hotel\conference center. Coordinator Bennett noted that postage\paper and cost for the
labels would be taken out of the Economic Development budget and is estimated to be
$300.
6. Reports From Chair and Commissioners:
Commissioner Mountin requested a leave of absence for the months of January and February.
Commissioner Mountin noted that she will continue to participate in the Highway 10
subcommittee during those months. Commissioner Mountin also requested that the Planning
Commission appoint a member to participate in the subcommittee for Highway 10.
Commissioner Nelson noted that the Planning Commission will be reviewing the sign ordinance
and requested a list of business issues for their consideration. Coordinator Bennett said she
would gather information regarding problems with the sign ordinance from the business
retention program and prepare a list for the EDC's consideration.
7. Adjournment
There being no further business before the Commission, this meeting of the Economic Development
41) Commission adjourned at 8:40 p.m.
Respectfully Submitted,
/
/ • Ak EV' .4 44 ,-&
gnomic '�el.pment Coordinator
•
3